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    Property profile & analytics

    11700 New Leesville Blvd Raleigh, NC 27613-7821

    • Grocery and convenience stores
    • 3,570 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimation
    $3,640,000
    Last Sale
    Nov 10, 2020
    $2,930,200
    Location Intelligence
    Property ID
    US53-5819520
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM / Atm
    • Circle K | Car Wash / Car Wash
    • Circle K / Car Wash / Atm
    • Shell / Convenience Store / Atm
    • Bitcoin Depot ATM / Atm

    Property Details for 11700 New Leesville Blvd

    Year built
    1998
    Construction
    CONCRETE BLOCKS
    Lot size
    1.66 lot acres
    Property size
    3,570 SF
    Zone code
    CX-3
    Property type
    Grocery and convenience stores
    APN
    0779.04-60-5493 0170576
    APU
    779046054930170576

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,840,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,975,000
      6.5%
      $2,745,000
      7%
      $3,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,075,000
      Geo Method
      $2,710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,020,000
      Retail
      $3,315,000
      Mixed-Use
      $3,455,000
      Hospitality
      $2,690,000
      Educational
      $3,270,000
      Residential Income
      $3,475,000
      Energy
      $2,805,000
      Income-Based Land
      $3,010,000
      Food Service
      $3,570,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7413
    Latitude
    35.9214
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,059
    $535,045
    $968,608
    $1,503,653
    -
    $535,045
    $968,608
    $1,503,653

    Comparable in this City

    • Value Estimation by Request
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      GROCERY, SUPERMARKET • 54,388 SF
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      View Details
    • Value Estimation by Request
      900 SF

      7540 Creedmoor Rd

      GROCERY, SUPERMARKET • 900 SF
      7540 Creedmoor Rd, Raleigh, NC 27613-1641
      View Details
    • Value Estimation
      $475,000
      3,000 SF

      13044 Norwood Rd

      GROCERY, SUPERMARKET • 3,000 SF
      13044 Norwood Rd, Raleigh, NC 27613-6915
      View Details
    • Value Estimation
      $425,000
      2,000 SF

      10924 Leesville Rd

      GROCERY, SUPERMARKET • 2,000 SF
      10924 Leesville Rd, Raleigh, NC 27613-5913
      View Details
    • Value Estimation by Request
      2,418 SF

      10100 Leesville Rd

      GROCERY, SUPERMARKET • 2,418 SF
      10100 Leesville Rd, Raleigh, NC 27613-7541
      View Details
    • Value Estimation by Request
      42,104 SF

      6431 Hilburn Dr

      GROCERY, SUPERMARKET • 42,104 SF
      6431 Hilburn Dr, Raleigh, NC 27613
      View Details

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    11700 New Leesville Blvd
    Raleigh, NC 27613-7821
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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